Tidewater: No damage or service interruption from Katrina

KatherineHunt

SAN FRANCISCO (MarketWatch) -- Tidewater Inc.
TDW, -7.32%
said after the closing bell on Thursday that it has not experienced any damage or interruption of its service to its fleet of vessels currently serving the offshore oil and gas industry in the Gulf of Mexico. Tidewater said its New Orleans headquarters are inaccessible in the wake of Hurricane Katrina, and will be relocated to Houston during the interim period. The company said it does not expect the hurricane to have any material impact on its ability to respond to customer needs or its ability to fulfill current contract commitments.

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